§6045. Returns of brokers — Inbound Citations
26 U.S.C. § 6045
Cited by 24 provisions in release 119-102.
Citations to 26 U.S.C. § 6045 as a whole
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(e) If the Secretary requires information reporting under section 6045 by a person described in subsection (e)(2) thereof to verify the eligibility of taxpayers for the credit allowable by this section, the exception provided by section 6045(e) shall not apply.
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(B) the agreement described in subsection (b) shall require such foreign financial institution to report such information with respect to each United States account maintained by such institution as such institution would be required to report under sections 6041, 6042, 6045, and 6049 if—(i) such institution were a United States person, and(ii) each holder of such account which is a specified United States person or United States owned foreign entity were a natural person and citizen of the United States.An election under this paragraph shall be made at such time, in such manner, and subject to such conditions as the Secretary may provide.
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(C) section 6045 (relating to returns of brokers),
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(a) All persons engaged in a trade or business and making payment in the course of such trade or business to another person, of rent, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable gains, profits, and income (other than payments to which section 6042(a)(1), 6044(a)(1), 6047(e), 6049(a), or 6050N(a) applies, and other than payments with respect to which a statement is required under the authority of section 6042(a)(2), 6044(a)(2), or 6045), of $2,000 or more in any calendar year, or, in the case of such payments made by the United States, the officers or employees of the United States having information as to such payments and required to make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accurate return to the Secretary, under such regulations and in such form and manner and to such extent as may be prescribed by the Secretary, setting forth the amount of such gains, profits, and income (including a separate accounting of any such amounts reasonably designated as cash tips and the occupation described in section 224(d)(1) of the person receiving such tips and a separate accounting of any amount of qualified overtime compensation (as defined in section 225(c))), and the name and address of the recipient of such payment.
Citations to §6045(a)
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(iii) section 6045(a) or (d) (relating to returns of brokers),
Citations to §6045(b)
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(A) in the case of a payee statement other than a statement required under section 6045(b), 6041A(e) (in respect of a return required under section 6041A(b)), 6050H(d), 6050J(e), 6050K(b), or 6050L(c), 10 percent of the aggregate amount of the items required to be reported correctly, or
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(B) in the case of a payee statement required under section 6045(b), 6050K(b), or 6050L(c), 5 percent of the aggregate amount of the items required to be reported correctly, and
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(H) section 6045(b) or (d) (relating to returns of brokers),
Citations to §6045(c)
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(E) interest on deposits with brokers (as defined in section 6045(c)),
Citations to §6045(c)(1)
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(A) The term “broker” has the meaning given to such term by section 6045(c)(1).
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(a) Every applicable person which transfers to a broker (as defined in section 6045(c)(1)) a covered security (as defined in section 6045(g)(3)) in the hands of such applicable person shall furnish to such broker a written statement in such manner and setting forth such information as the Secretary may by regulations prescribe for purposes of enabling such broker to meet the requirements of section 6045(g).
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(1) any broker (as defined in section 6045(c)(1)), and
Citations to §6045(c)(3)
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(G) any barter exchange (as defined in section 6045(c)(3)),
Citations to §6045(e)
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(e) If the Secretary requires information reporting under section 6045 by a person described in subsection (e)(2) thereof to verify the eligibility of taxpayers for the credit allowable by this section, the exception provided by section 6045(e) shall not apply.
Citations to §6045(e)(2)
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(D) Except as provided by regulations, such term shall not include any real estate broker (as defined in section 6045(e)(2)).
Citations to §6045(g)
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(3) For purposes of this section, the terms “specified security” and “applicable date” shall have the meaning given such terms in section 6045(g).
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(a) Every applicable person which transfers to a broker (as defined in section 6045(c)(1)) a covered security (as defined in section 6045(g)(3)) in the hands of such applicable person shall furnish to such broker a written statement in such manner and setting forth such information as the Secretary may by regulations prescribe for purposes of enabling such broker to meet the requirements of section 6045(g).
Citations to §6045(g)(3)
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(ii) all stock in such regulated investment company which is held by such stockholders shall be treated as covered securities described in section 6045(g)(3) without regard to the date of the acquisition of such stock.
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(a) Every applicable person which transfers to a broker (as defined in section 6045(c)(1)) a covered security (as defined in section 6045(g)(3)) in the hands of such applicable person shall furnish to such broker a written statement in such manner and setting forth such information as the Secretary may by regulations prescribe for purposes of enabling such broker to meet the requirements of section 6045(g).
Citations to §6045(g)(3)(B)
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(d) For purposes of this section, the term “specified security” has the meaning given such term by section 6045(g)(3)(B). No return shall be required under this section with respect to actions described in subsection (a) with respect to a specified security which occur before the applicable date (as defined in section 6045(g)(3)(C)) with respect to such security.
Citations to §6045(g)(3)(C)
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(d) For purposes of this section, the term “specified security” has the meaning given such term by section 6045(g)(3)(B). No return shall be required under this section with respect to actions described in subsection (a) with respect to a specified security which occur before the applicable date (as defined in section 6045(g)(3)(C)) with respect to such security.
Citations to §6045(g)(3)(D)
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(3) any digital asset (as defined in section 6045(g)(3)(D)).